Posts Tagged ‘Counseling’
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Over many years of practicing bankruptcy law, I’ve noticed people asking the same common questions about Bankruptcy. I’d like to answer some of these questions for you today.
-First, The Bankruptcy laws have changed, can I Still File Bankruptcy? Yes. It’s that simple.
-Next, When should I consider filing Bankruptcy?
Although there is no one definitive answer to this question, there are some warning signs. Such as your unable to pay your bills as they come due, you lost your job or are about to be laid off, you have too many medical bills, you have oppressive credit card debt which you can never seem to pay down, you owe money on property that you no longer wish to keep such as a home or a car.
-Next, I currently own a home and a car, will I lose them if I file Bankruptcy?
Probably not. Bankruptcy allows you to keep a certain amount of equity in your home and car despite filing bankruptcy. However, whether there is a chance of losing your home or your car should only be determined by an experienced bankruptcy attorney. Please see the article entitled Top 10 Misconceptions About Bankruptcy under the recent articles section of this website for more information on this topic or contact us and we’ll e-mail you a copy of the article free of charge.
-Next common question. What about Credit Card Debt consolidation companies? Can they help?
In my opinion, with very limited exceptions, they are worthless! Please see the accompanying video and section on this website about Debt Consolidation companies.
-Next common question. Do I need a lawyer to file Bankruptcy?
No. You do not. However, you’d be crazy to file without one.
Bankruptcy law is very complicated. So complicated, that Congress created a special court with special judges to hear these cases. Statistics show that people who file Bankruptcy on their own, have an overwhelming chance of having their case dismissed or not having all their debts discharged! When this happens, you get all the burdens of filing for Bankruptcy (filing remains on your credit report, same creditors harassing you, etc.) with none of the benefits (getting rid of your dischargeable debt!). This is why it is so important to have an experienced Bankruptcy Attorney working for you (not to mention piece of mind knowing an experienced Bankruptcy Attorney is handling your case).
-This leads to the next common question. How do I choose a good Bankruptcy lawyer?
In this tough economy everyone is hurting, including lawyers. And what you see is a lot of lawyers who have little or no experience in bankruptcy taking on these cases with devastating effects on their clients. Do not let this happen to you.
-When choosing a Bankruptcy lawyer, you should ask how many years of Bankruptcy experience they have, are they Board Certified in Consumer Bankruptcy law, do they keep up with recent developments in the law, do they write articles on Bankruptcy, are they a member or chairman of the Bankruptcy committee at their local bar association. Moreover, it is very important that you feel comfortable with your attorney. Remember, you are trusting someone with your financial future. Do not let that someone be just anyone. Demand the best.
-Final common question. Is it moral to file Bankruptcy?
Yes! Yes! Yes! One of the guiding principles of the founding fathers of this nation was that people should have the ability to get a fresh start. This is evidenced by the fact that the U.S. Constitution states that Congress shall have the right to promulgate laws on Bankruptcy. Congress would not permit Bankruptcy as an option if they felt there was something wrong or immoral about it. There are many policy reasons for having Bankruptcy as an option but one reasons stand out. If Bankruptcy was not an option and individuals were stuck with debts forever, the individual would probably work “off the books” to avoid having their wages garnished. This would lead to less tax revenues coming into the government to build schools, roads, hospitals, etc. In this scenario, no one wins! Not the creditor who is unable to collect, not the government due to no tax revenue being paid and last but not least, not the individual who will be “living in the shadows” unable to live as a constructive member of society.
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*Reduce Credit Card Debt with our Affordable Attorneys. Avoid Bankruptcy.
USOBA & TASC APPROVED! www,debtassistancerelief.org We have a very good track record of negotiating with credit card companies. Our experts in this credit debt reduction will negotiate with your creditors and will reduce your debts. http://debtassistancerelief.org/ There are many cases when the negotiation helped the debtor to reduce his debts by over 60%. We not only negotiate with your credit card companies for debt reduction but also consolidate your payments into small monthly installments. This monthly payment will be 40%-60% less than your current monthly payment, as most of the debt would have been eliminated. In case you have extra money left over, you will have the flexibility to pay higher amount to get out of debt even faster.
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What to Consider When You Consider Bankruptcy
The Bankruptcy Abuse Prevention and Consumer Protection Act was enacted to curb Americans from abusing the bankruptcy system. However, the recent downturn in the economy has filings on the rise once again. Join Thomas Fox, Cambridge Credit Counselings Community Outreach Director, as he discusses what to consider when you consider bankruptcy.
Duration : 0:3:21
Will Using Debt Settlement for Debt Relief Affect My Credit Score?
http://www.DebtReliefVideos.com This free video series focuses on credit card debt relief using Credit Counseling, Credit Consolidation, or Debt Settlement to achieve debt reduction, consolidate debt, and avoid bankruptcy.
http://www.DebtReliefVideos.com helps people who are struggling to pay off credit card debt, medical bills, or other unsecured debt, and are wondering if debt settlement can help them avoid bankruptcy. Many people are seeking reliable information about their debt relief options from a reputable, trusted, debt reduction expert with real experience.
http://www.DebtReliefVideos.com offers a free 10 video Credit Card Debt Relief series by Sonia Hawkins, a Certified Debt Specialist, who answers her clients’ most frequently asked questions. Since 2006 Sonia has helped over 1,000 clients with over $30 million in total debt. She especially looks forward to seeing YOU on the road to being debt free!
Sonia will personally answer your call and your questions at (800) 864-4120.
Duration : 0:2:29
Am I a Good Candidate for Debt Settlement to Avoid Bankruptcy?
http://www.DebtReliefVideos.com This free video series focuses on credit card debt relief using Credit Counseling, Credit Consolidation, or Debt Settlement to achieve debt reduction, consolidate debt, and avoid bankruptcy.
http://www.DebtReliefVideos.com helps people who are struggling to pay off credit card debt, medical bills, or other unsecured debt, and are wondering if debt settlement can help them avoid bankruptcy. Many people are seeking reliable information about their debt relief options from a reputable, trusted, debt reduction expert with real experience.
http://www.DebtReliefVideos.com offers a free 10 video Credit Card Debt Relief series by Sonia Hawkins, a Certified Debt Specialist, who answers her clients’ most frequently asked questions. Since 2006 Sonia has helped over 1,000 clients with over $30 million in total debt. She especially looks forward to seeing YOU on the road to being debt free!
Sonia will personally answer your call and your questions at (800) 864-4120.
Duration : 0:1:58
